South Korea: South Korea Pet Food Market 2019
Link to report:
The pet population in Korea has been steadily increasing. The aging of the population, an increase in single member households, and rising incomes have helped support this trend. This has driven strong growth in pet food sales. The Korean pet food market reached 1.014 trillion Korean Won ($870 million) in 2019 according to Euromonitor. Premium pet food products are the fastest growing segment. The majority of pet food products on the market are imported. However, many Korean companies have recently entered the pet food market and are launching high quality lower priced products to compete with imported pet food.
